Polymarket Surpasses $1 Billion In Trading Volume As Prediction Markets Gain Momentum
In the third quarter, Polymarket’s trading volume surged past the $1 billion mark, driven by the increasing popularity of Web3 prediction markets. The platform’s US presidential prediction market alone has seen an inflow of nearly $1 billion, as users bet on potential election outcomes. https://twitter.com/tokenterminal/status/1835361779242688583?t=G8GA6ICnKJLUAsgGKyboQg&s=19 Prediction markets are becoming a focal point in Web3, with platforms like Polymarket leading the charge. While Polymarket holds the largest share of the market, competitors like Azuro and Drift (BET) are also making waves. Azuro, for example, focuses primarily on sports betting and operates as an infrastructure layer that allows users to contribute to liquidity pools in exchange for earning APY. Drift’s BET, on the other hand, is a decentralized exchange (DEX) that has recently added prediction market features, leveraging the existing liquidity from its perpetual futures platform on Solana. https://twitter.com/cryptocom_rni/status/1835591506461352056?t=B3khqWhqC8McGs2ngerjeg&s=19 Polymarket's Success Has […]